Archive for the ‘ARE BANKS THIEVES ?’ Category

Poisonous Banks Destroying World Economy

December 17, 2008

Banks immoral behaviour shrinks World supply of money and destroys economy


For our Global system of money to work we have depended entirely on all our banks to act responsibly, with honesty, morality and probity.Because the banking system realised it could get away with being increasingly dishonest, immoral, completely irresponsible and absolutely without the slightest hint of probity or decency, the currency system of the World has been destroyed by their fraud and breathtaking greed.   

We have a system whereby nearly all the money is manufactured by the banks issuing loans to their customers. These loans amount to about ninety five percent of all the money in circulation. Nearly all the money we therefore use is created by a bank making a loan to someone else.

A culture of rapacious, greedy dishonesty was created throughout every aspect of the banking system as the banks tried to lend ever increasing amounts of money with a complete disregard of their poisonous behaviour towards borrowers. They wanted to lend as much money as possible because the more they lent the richer the banks themselves could become at the expense of those borrowers.

So, all this had the effect of putting absolutely every business and individual person into more and more unsustainable debt. The currency system is actually called money as debt and a fractional reserve banking system whereby the banks can create unlimited amounts of money out of nothing. If there were no bank loans at all, there would less than ninety percent of money in circulation and no-one would be paying interest to the banks.

This system allows banks to exercise increasing amounts of control over every aspect of business and personal life. Everyone was at their mercy. All of us were really working for the banks – working hard at earning enough to pay the increasingly absurd levels of interest and penalties on all the banks loans.

Businesses were constantly persuaded to borrow more money to expand, individuals were persuaded to borrow impracticably large mortgages to buy homes and consumer goods they really didn’t need. We were all told how silly we were if we didn’t use credit cards to spend money we didn’t actually have.

The banks were in complete control of almost the entire supply of money everyone depended on to enable all trade and personal commerce to exist. All the money in use could be traced backed through debt after debt issued through the dishonest banking system.

The financial well being of every business and individual now depended completely on the banks and how they behaved, and how honest and moral they were.

When the levels of dishonesty exhibited by the banks became so blatant and unsustainable, it became so extreme it had the effect of making the banks themselves too frightened to lend to each other.

They knew better than anyone else how dishonest and fraudulent their system of loans and debt had become and how each bank would try and outsmart other banks by being even more devious with loans to each other.

So the banks stopped lending to each other because they knew they were ripping each other off with dodgy loans which were less and less likely to be paid back.

If the banks weren’t going to lend to each other it interrupted the circular movement of money from bank to borrower and from that borrower’s loan ending up in another bank which, in turn enabled the next bank to issue more loans of many, many times the amounts actually being deposited in the bank. And so on it went around in endless circles.

But once the banks interrupted the entire money supply by being too frightened to lend to each other, it also had the effect of rapidly shrinking the money supply. The behaviour of the banks is making money literally disappear from existence at exponential speed.

This is the reason people have less and less money to pay their debts or to actually buy anything they need. The World economy is being destroyed by all the banks because of their greed and fraud and their fear of lending to each other. They know how dishonest and unreliable other banks can be with lending money and fear their loans to each other may not be paid back because the system they created is so dishonestly fraudulent and unreliable.

Governments around the World thought by lending gigantic amounts of money to all the banks this problem of confidence in the money supply would go away. All the money Governments loaned to banks would enable them to commence lending to each other again and get the circulation of the whole supply of money moving again.

Government were wrong. They were wrong because lending to the banks didn’t make the banks any more honest or improve their morality or common sense in any way at all. So the banks just pocketed any money they could get hold of, held on to it like grim death, carried on paying themselves ridiculous ‘bonuses’ and still refused to lend to each other.

The fact this also meant they had less and less money to lend to anyone else too, didn’t seem to bother them. They didn’t seem to be able to work out their collective behaviour was rapidly destroying the whole World economy and even themselves as they started to go bust one by one.

If something doesn’t change pretty damn quick they will probably all go bust in the end. But they are too pathetic to see that, as they whimper on about how it isn’t their fault at all. It must be someone else’s fault, they say. Meanwhile things will continue to get much, much worse.

They are liars !

Every single single business, and individual wishes to continue to work hard to earn themselves money. Businesses do not wish to sack employees and cease to exist, employees don’t want to sit around jobless and having their lives being destroyed by unemployment. It is being forced upon them by the banks.

We all depend on being in possession of money to trade and prosper as a business, and in turn pay employees’ wages so they can buy things they need from the businesses that are prospering.

Money is simply a token of trust we can use to give to some one else in exchange for goods or services of actual real value we need from them. They can then use that token of money we give them to buy what they need from others.

The banks have manipulated the money system with sheer greed until it has been taken to the brink of complete destruction by their deviousness.

The banks are the only custodians of the money system. No one else at all has control of it. No Government, business or individual has control of the system of money. It is entirely in the hands of the banks. They have abused it, misused it for their own profit and have shown a callous disregard of the damage they do to everybody they deal with. Their behaviour has been, and still is quite simply disgusting.

The banks cannot be trusted. They created the Worldwide financial recession single handedly with no assistance from any one else. They are currently destroying the money supply everywhere with lightning speed. Their self seeking manipulation of the World’s money supply is destroying everyone’s ability to trade, or have a job, or pay back their debts. The entire money system is collapsing exclusively because of the irresponsible, fraudulent behaviour of the banks.

They are utterly callous in turning tens of thousands of people out of their homes, leaving houses empty, vandalised and pointless useless. They are equally callous as they take away the jobs of millions of people by destroying businesses with toxic loans and making it impossible for trade and commerce anywhere to function normally any more .

With this vicious control of money the banks have, allowing them to say who has a business and trades or who has a job and who doesn’t, who starves or who has a home or who is thrown out of their home onto the street by bank bailiffs, to have their entire lives destroyed by being made homeless, is a grotesque condemnation of modern times.



June 3, 2008



I really got my knickers in a twist recently because my bank, which was Lloyds Bank, sent me solicitors letters threatening court action for an overdraft of about £600.

They also closed my account and I was left with no means of using money other than cash. This made life impossible. I also could not open another bank account because of the blacklisting of me as having a bad credit record .

The situation seemed dire and really got to me.

The reason for the £600 overdraft ? Every penny of it consisted of Lloyds bank’s penalty fees for an unauthorised overdraft which was originally only £5. But even that £5 was part of a sum of about £160 which had been filched from my Lloyds bank account by an insurance company misusing my debit card details for a household insurance policy that was never authorised by me at all.

It was all the result of a completely dishonest mortgage broker trying to ram a dubious mortgage down my throat which I eventually declined to take up. The other part of the total sum filched from me was when I made a one off internet payment of £17 using my debit card and it continued to be debited dishonestly from my account every month for over a year. It was a deliberate theft, common on the internet.

My pleas to Lloyds bank in many letters, and personal visits to counter staff asking my bank to cease these unauthorised payments from my account fell on deaf ears. Lloyds bank told me they couldn’t stop the payments. They point blank refused to stop allowing fraudsters to take money from my bank account. How bizarre can you get?

Then I learnt about the bank charges scam and all the legal actions going on throughout the country. I discovered the banks have stolen tens of millions of pounds from thousands of people under the pretence of them being legitimate charges for unauthorised overdrafts. The whole country is up in arms about it.

Recently I learned all the banks have managed to stuff the entire World economy by virtue of extremely bad behaviour and sheer greed in manipulating money. Governments are even complaining about it. The whole World is wondering if the banks have led everyone into complete financial meltdown.

Then for three months recently I failed to pay any monthly payment to my Capital One credit card account due to an oversight on my part. I didn’t use the card and the only outstanding balance on the card was just £13. They charged me penalties amounting to £39. This works out at an interest rate of about an incredible 1200 per cent. That is pure theft.

With experiences like this and feedback from many other people suffering similar problems, I began to realise the entire financial industry had become utterly different from years ago when it had a reputation for honesty and straight dealing. Now it seemed to rely on deviousness, mis-representation and downright fraud to make money.

More and more people are openly complaining about an ever increasing tidal wave of greed as well as obvious deviousness and dishonesty coming from all sectors of the financial industry, and particularly from banks.

When I saw how many people were beginning to fight back I realised the banks had conned vast swathes of the population.

I think the banks are thoroughly dishonest, outrageously expensive to use for any purpose, and extremely damaging to the entire country. It is about time something was done about it.

Any constructive suggestions anyone ?